For investors looking for growth, biotech stocks are a great place to start one’s search. This is a sector that’s seen its valuation multiples decline in many cases to a greater extent than the overall market.
Thus, while many biotech stocks exhibit strong growth trajectories, these companies often trade at bargain prices. Much of that has to do with the necessarily high research & development expenditures these companies need to lay out over a very long period of time.
Even in this bear market, the biotech space has immense growth potential. Investors opting for this sector can certainly ramp up their risk on upside should the market rally. But even if the market declines further, given how far many of these stocks have fallen, I’d suggest the downside may be limited with some of these names.
These are three of the top biotech stocks I think investors should look at right now.
This post appeared first on Trades Of The Day.